Losing a bet on any sport can be very painful and frustrating but what you do next can be the most important thing. Whether you are an amateur punter or an experienced punter, there are some losses that leaves you wondering what to do next.
So many punters end up taking more wrong decisions that end up in more losses.
Let's discuss some of the things that should be done after losing a bet or when experiencing losing streaks.
1. REVIEW YOUR BETTING STRATEGY: Losing bets can mean something is wrong with your analysis or with your strategy. Taking time to check on what went wrong and a possible solution or correction can put you back on winning ways. However, not all losing or losing streak mean that there is flaw somewhere, it can just mean a bad run which after sometime things can go back to normalcy.
2. TAKE A BREAK: One thing that is very difficult for punters to do is taking a break when experiencing losses. We always want to win, we want to get our money back but clearly, affter losing a bet we are not happy and some people can even go through depression. So taking can some time out can really clear our mind and make us feel good.
3. DON'T PURSUE LOSSES. The first fifteen minute after losing a bet is the most difficult time for punters and that's when most punters make the worse mistakes. Immediately after losing a bet what comes to mind is how do I get my money back. Most punters bet again within this fifteen minutes, but within this time the mind is not at its best and not able to reason logically hence making more mistakes. Most bets placed when pursuing losses always fail leading to more losses and frustration.
4. REDUCE YOUR STAKES: Sometimes in a punter's career, losses must occur. No one can avoid this, no matter how good or experienced one is. It is good to identify when things are not going well and reduce the pump, reduce your stakes and save money for better days. Sometimes a given strategy is effective sometimes it is not, knowing when things are going your way to bet more and when it is not going is very important
5. GIVE MORE TIME TO YOUR ANALYSIS: Sometimes we punters don't do enough. Missing small details can prove to be costly on the long run. So when experiencing losses, one has to check whether he is doing all that should be done. One of the ways to do this is to review a lost bet to see if there is something you missed out when analysing the event.
6. QUIT: The sad truth is that: Not everybody will end up as successful punters. If you are at the wrong end, the losing side most of the time you may consider quitting the game. Throwing in the towel can be the best option especially if you are becoming depressed and losing lots of hard earned money incontrollably. There is no shame in admitting you failed at something and looking for another path.